GTU MBA Paper Download

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Hello sir, Im doing an MBA from Gujarat Technological University. For exam preparation I want MBA question papers for download. Will you please provide me Gujarat Technological University MBA papers?

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The Gujarat Technological University is admitted candidates for MBA admission. The Gujarat Technological University is also provides question papers.

Gujarat Technological University is a premier academic and research institution which has driven new ways of thinking since its 2007 founding, established by the Government of Gujarat vide Gujarat Act No. 20 of 2007.

Get download Gujarat Technological University MBA papers:



Gujarat Technological University MBA papers:

Subject Code: 2820001 Date: 20/10/2016
Subject Name: Cost and Management Accounting (CMA)
Time: 10.30 am to 01.30 pm Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q. No. 06

Q.1 (a) Cost accounting is an information system developed for:
A. Shareholder B. Government
C. Management D. Financial Institutions

2. Contribution minus fixed costs is
A. Variable cost B. marginal cost
C. unit cost D Profit

3. An increase in the variable cost:
A. Reduces contribution B. Increase in PV ratio
C. Increases margin of safety D. None of the above

4. Another name for direct expenses:
A. Period cost B. Prime cost
C. Variable cost D. Chargeable cost

5. An input of 2500 kgs. of material introduced into the process and the expected normal loss is 8% and if the actual output from the process is 2150 kgs., the abnormal loss is ____________ kgs.
A. 200 B. 150
C. 250 D. 300

6. BEP Means ______________
A. Profit B. Loss
C. Profit & Loss D. No Profit & No Loss

Q.1 (b) 1. Define Cost Accounting
2. List down the steps in Costing Procedure
3. Define Normal and Abnormal Costs
4. Draw the chart for BEP

Q.1 (c) Write note on various elements of Direct cost

Q.2 (a) Discuss Benefits and Limitations of Cost Accounting.

(b) The following particular relate to a new machine purchased:
Purchased price of machine Rs. 400,000
Installation expenses Rs. 100,000
Rent per quarter Rs. 15000
General lighting for the total area Rs. 1000 p.m
Foremen salary Rs. 30,000 p.a.
Insurance premium for the machine RS. 3000 p.a.
Estimated repairs for the machines Rs. 5000 p.a.
Estimated consumable store Rs. 4000 p.a.
Power 2 units per hour at Rs. 50 per 100 Units

Estimated life of the machine is 10 years and the estimated value at the end of the 10 year is Rs. 100,000. The machine is expected to run 20000 hours in its life time. The machine occupies 25% of the total area. The foremen devotes 1/6 of his time for the machine. Calculate the machine hour rate for the machine.

OR

(b) The following direct costs were incurred on Job No. 415 of Standard Radio Company.
Materials Rs. 6010

Wages:
Deptt: A 60 hours @ Rs. 30 per hr
B 40 hours @ Rs. 20 per hr
C 20 hours @ Rs. 50 per hr

Overhead for these three departments were estimated as follow: Variable overheads:
Deptt: A Rs 15000 for 1500 labour hours
B Rs. 4000 for 200 labour hours
C RS. 12000 for 300 labour hours

Fixed overheads:
Estimated at Rs. 40000 for 2000 normal working hours. You are required to calculate the cost of Job 415 and calculate the price to give profit of 25% on selling price.